Salt Lending review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Salt Lending suits US borrowers in its listed states who want a fixed rate and no fee to arrange the loan. APR runs 7.49% to 10.5% against a site median of 12%, the origination fee is $0 (0%) and early repayment carries no charge, but eligibility is case by case.

Key facts

Best for
US borrowers with poor credit who want a fixed rate, no fee and no hard credit check.
APR
7.49% to 10.5% (Source, checked September 26, 2026)
Loan amount
$5,000 (Source, checked September 26, 2026)
Term
12 to 60 months (Source, checked September 26, 2026)
Arrangement fee
$0 (0%) (Source, checked September 26, 2026)
Credit check
None (Source, checked September 26, 2026)
Funding time
24-48 business hours (Source, checked September 26, 2026)
Representative example
One-year $10,000 loan at 6.00% APR: 12 monthly payments of $861, no down payment (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Case-by-case eligibility subject to KYC/AML; lending limited to listed jurisdictions (Source, checked September 26, 2026)
Origination fee (%)
0% (Source, checked September 26, 2026)
Loan types
Personal, Secured, Business (Source, checked September 26, 2026)
Credit needed
Poor (Source, checked September 26, 2026)
Legal entity
SALT Lending LLC (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Founded
2016 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
saltlending.com

Apps and profiles

Get the app
Google PlayApp Store
Elsewhere
TrustpilotLinkedInXsaltlending.com

Pros and cons

Pros

  • No origination fee: $0 (0%) on personal, secured and business loans
  • APR of 7.49% to 10.5% sits below the site median of 12%
  • No hard credit check, with poor credit accepted
  • Free early repayment lets you clear the balance early without charge

Cons

  • Eligibility is case by case, with lending limited to listed jurisdictions
  • The $5,000 amount is the smallest offered, so it suits smaller sums
  • Same-day funding is listed, but 24-48 business hours is the standard time
Salt Lending

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Scored 9.2 / 10 by BorrowCue.

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Who it suits

  • Borrowers with poor credit who want fixed-rate terms
  • US residents in listed states only
  • People repaying early to cut the total interest

Who should look elsewhere

  • Anyone outside the listed US jurisdictions
  • Borrowers needing a large sum, since the amount starts at $5,000
  • Shoppers wanting a fully automated decision, since eligibility is case by case

Safety and regulation

Salt Lending is a direct lender, so it funds loans itself rather than passing you on. It appears on the NMLS Consumer Access register under 1711910, with state licences including California DFPI at 60DBO-87584 and Colorado at SUP-4000825, plus Idaho, Michigan, Illinois and Wyoming. SALT Platform, LLC holds a FinCEN money service business registration. Its representative example is a short loan repaid in monthly instalments with no down payment.

Who runs it

The lending entity is SALT Lending LLC, registered as a direct lender with its headquarters in the US and founded in 2016. It lends personal, secured and business loans. Support runs through email, chat and phone. Licence records list NMLS at 1711910, plus California DFPI, Colorado, Idaho, Michigan, Illinois and Wyoming registrations and a FinCEN money service business registration for SALT Platform, LLC.

How Salt Lending compares

Where Salt Lending is available

Available
Australia, Brazil, Canada, New Zealand, Northern Mariana Islands, Portugal, Puerto Rico, Switzerland, United Arab Emirates, United Kingdom, United States, Vietnam
Licence in United States
NMLS (NMLS Consumer Access) (1711910), checked September 26, 2026
Licence in United States
California DFPI (Consumer Finance Lender) (60DBO-87584), checked September 26, 2026
Licence in United States
Colorado (Supervised Lender) (SUP-4000825), checked September 26, 2026
Licence in United States
Idaho (Regulated Lender) (RRL-11258), checked September 26, 2026
Licence in United States
Michigan Department of Insurance and Financial Services (Regulatory Loan) (RL-0025685), checked September 26, 2026
Licence in United States
Illinois (Consumer Installment Lender) (CI.0004527-H), checked September 26, 2026
Licence in United States
Wyoming (Consumer Lending) (CL-4284), checked September 26, 2026
Licence in United States
US Financial Crimes Enforcement Network (FinCEN) money service business registration, SALT Platform, LLC (31000213435971), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Salt Lending charge?+

APR runs 7.49% to 10.5% on fixed-rate loans, which is below the site median of 12%. The rate is fixed for the whole term, so the monthly payment does not move with the market. Rate depends on your own profile and the loan you take.

Are there any fees to arrange the loan?+

The origination fee is $0 (0%), so there is no charge for setting the loan up. Personal, secured and business lending all sit on the same terms. Early repayment is free, meaning you can pay the balance off ahead of schedule without a charge.

Does Salt Lending run a hard credit check?+

The credit check is none, and the level of credit needed is poor, so thin or damaged credit files can still be considered. Decisions are case by case, subject to identity and anti money laundering checks, and a file search may be run during review.

How much can I borrow and for how long?+

The amount starts at $5,000 and the term runs 12 to 60. Personal, secured and business loans are all available. Larger sums and longer terms are handled case by case, so anything above the starting amount needs an application.

How quickly will I get the money?+

Same-day funding is listed as a feature, and the standard funding time is 24-48 business hours. Approval is case by case, so the fastest route depends on how quickly your identity and eligibility checks clear.

Is Salt Lending properly regulated?+

It is registered with NMLS Consumer Access under 1711910 and holds state licences including California DFPI at 60DBO-87584, Colorado, Idaho, Michigan, Illinois and Wyoming. SALT Platform, LLC also holds a FinCEN money service business registration.

Who will I be dealing with?+

The lender is SALT Lending LLC, a US direct lender founded in 2016 that funds loans itself. Support runs through email, chat and phone, so help is available by email, live chat, phone and a help centre.

Can I pay the loan off early?+

Yes, early repayment is free. There is no charge for clearing the balance before the end of the term, so a fixed rate loan can be shortened as soon as your money allows. The term available runs 12 to 60.

Which countries can borrow from Salt Lending?+

Lending is limited to listed jurisdictions in the US, where the entity is registered and the headquarters sit. Applications from outside those listed states are not accepted, so eligibility depends on where you live rather than on your credit file alone.

Sources

  • nmlsconsumeraccess.org checked September 26, 2026

    Backs: Licences

  • saltlending.com checked September 26, 2026

    Backs: Credit needed, Founded, Funding time, Headquarters, Lender type, Support channels

    “No credit check”

  • saltlending.com/ineligible-jurisdictions checked September 26, 2026

    Backs: Loan types

    “Select either Personal or Business as your loan type.”

  • saltlending.com/personal checked September 26, 2026

    Backs: Credit check, Features

    “No, we don't check your credit. Your crypto is your credit.”

  • saltlending.com/rates-and-fees checked September 26, 2026

    Backs: Loan amount, APR, Eligibility, Free early repayment, Legal entity, Pricing model, Arrangement fee, Origination fee (%), Rate type, Representative example, Term

    “Loan Minimum $5,000 *availability based on jurisdiction”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Salt Lending

Salt Lending

US borrowers with poor credit who want a fixed rate, no fee and no hard credit check.

9.2/10See alternatives

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